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2w ago

PayPal Ventures, General Catalyst Lead $18 Million Round for Kite's Agentic Internet Push

The funding backs Kite’s plan to equip autonomous agents with verifiable identity plus stablecoin settlement for real-world commerce.

Kite cofouders Scott Shi (left) and Chi Zhang.
Kite raises $18m to bridge stablecoin payments and autonomous agents
AI agents, search engines, web browsers
Kite raises $18m series a to build agentic web infrastructure with stablecoin payments

Overview

  • Kite closed an $18 million Series A led by PayPal Ventures and General Catalyst, bringing its total funding to $33 million.
  • The company is building blockchain infrastructure so AI agents can authenticate, coordinate, and transact autonomously; its Kite AIR suite includes Agent Passport and an Agent App Store.
  • Integrations with PayPal and Shopify let merchants opt into discovery by AI shopping agents, with purchases settled on-chain in stablecoins for low fees, instant settlement, and no chargebacks.
  • Kite’s Ozone testnet is live for early users to experiment, stake testnet tokens, and earn XP ahead of broader agent integrations.
  • CEO Chi Zhang declined to disclose the company’s valuation or whether the round included token warrants; Kite previously operated as Zettablock.